What will a Trump presidency look like for the financial markets? Which issues are going to top the political agenda for the year ahead? How will Capitol Hill impact the work being done by the CFTC and the SEC? Moderator: Micah Green, Partner, Steptoe & Johnson

10:00-10:30am Morning Coffee Break

10:30-11:00am Mid-Morning Address

11:00- 12:00am Panel 2: “The Urgency of Cross Border Equivalence”

• How might Brexit impact the EU realizing regulatory equivalence with the US? • Will cross border rule harmonization advantage or disadvantage Non-US Swap Dealers? • Does the prospect of changes to Title VII make equivalence less likely? • What are the major practical risks to the marketplace if equivalence is not in place when MiFID II is launched? Moderator: Jeffrey Hogan, Senior Managing Director, Global Head, Client & Regulatory Liaison, BGC Partners

12:00-1:00pm Lunch

1:00-1:30pm Post-Lunch Address

1:30-2:30pm Panel 3: “The Future of OTC Market Structure”

The introduction of SEFs was meant to shake-up the long-established conventions of trading in the swaps market, yet the incumbents in the areas of trading, venues and infrastructure have largely retained their positions. Could this/should this change? What is the best business model for capitalizing on the new SEF environment? Is this the year we see market structure and infrastructure paradigms start to be challenged? What are the key technological advancements being developed? Is increased clearing affecting change? Moderator: Scott Fitzpatrick, CEO, Tradition SEF

2:30-3:00pm Afternoon Coffee Break

3:00-4:00pm Panel 4: “Dodd-Frank Act: Is Change Coming?

President Elect Trump has indicated a peeling back of many of the regulations that were enacted under the Dodd-Frank Act. Which changes would help? Which rules should remain? How are margin rules, capital requirements, leverage ratios likely to change? Will the Volcker Rule be repealed? How could Title VII be affected?

With the ‘big bang’ launch of variation margin requirements coming in March and the rollout out of deferred phase one margin requirements in Europe and Asia – the clock is ticking, will the industry be ready in time? Does the split in what had previously been a globally coordinated implementation timetable cause new compliance headaches? How do collateral agreements and custody accounts need to be adapted for the new requirements? Have uncleared margin rules impacted swaps activity? Are the new margin rules pushing more swaps into clearing? What is the buy side seeing in terms of liquidity characteristics across different markets? What trading protocols do the buy side want?

February 9th 2017

The St. Regis Mexico City

Mexico

COST:

Non-Exhibiting Vendor: USD$1995

US/Canada/Europe Delegate: USD$995
Free to attend for the buy-side and local bank attendees

The definition of “Buy side” firms means end user clients (ie, investing institutions such as mutual funds, pension funds, insurance companies, hedge funds, CTAs, asset managers, and corporates). Buy side firms may have investors as clients, but have no trading clients. Technology, platform and service providers of any type, including broker-dealers and prime of primes that may be clients of other firms but have trading clients of their own, do not fall into the definition of “buy side” firms.

PROGRAMME:

9:00-10:00 Coffee & Registration

10:00-10:30 Keynote

10:30-11:30 Panel 1: Mexico’s Economy: Riding the Storm

As the value of the Mexican peso tumbled following the announcement of Donald Trump’s election victory, it was a clear indication that geopolitical events could have an outsized impact on the countries’ economy going forward. In 2017 Trump will be sworn into office, Brexit negotiations are due to begin in earnest, major elections are taking place in France and Germany and there could be potentially significant leadership changes in China. Amidst all these geopolitical changes, what factors are likely to have the biggest impact on the Mexican economy?

This panel will also discuss:

What does a Trump administration mean for traders in Mexico?

Will politics or central bank action be the bigger driver of market volatility?

How will slowing growth in China impact the Latin American region?

How will the Mexican peso perform in 2017?

What are the biggest challenges facing the next Banxico governor?

11:30-12:00 Coffee Break

12:00-12:45 – Panel 2: Solving the Clearing Conundrum

Due to changes in Mexican financial regulations from November 15th onwards Mexican peso Interest rate swaps being traded by Mexican Financial Institutions are required to centrally clear. Three Clearing Houses presently offer this service. However, there are still numerous derivatives products that no clearing house has yet developed the capacity to receive. How are the unclearable derivatives handled? Is the imposition of obligatory mutual margins a temporary solution?

This panel will also discuss:

What options are left to firms wanting to trade these derivatives products?

What are the technical challenges associated with moving these products into clearing houses?

Are clearing houses themselves fundamentally either too big to fail or to small to survive?

How are clearing houses organised to resist a major market event?

12:45-1:45 Lunch

1:45-2:10 Fireside Chat: The Future of Listed FX in Mexico

2:10-2:30 Strategy Talk: Opportunities and Pitfalls in EMFX Markets

2:30-3:15 Coffee Break

3:15-3:45 – Panel 5: Technology Game Changers in FX

Although technology has driven FX market growth, the liquidity gaps that occurred after the SNB’s decision to drop its peg to the euro and during the sterling flash crash in October 2016 sparked debate about whether technology is unambiguously good for the industry. As Mexico’s market continues to move electronic, what lessons can be learnt from other markets?

This panel will also discuss:

What will be the big technology “game changers” in the next 2-5 years?

What are the biggest concerns associated with a largely electronic FX market?

What is the next stage of evolution for single-bank and multi-dealer trading platforms?

Should firms be looking for FX specific or cross-asset technology solutions?

3:45-4:15 Coffee Break

4:15-5:00 Panel 6: New Players in the Liquidity Ecosystem

Many of the largest FX banks have pulled back from principal market making in favour of an agency business model due to increased overheads and compressed profit margins. This has left a gap in the market, but will other market making firms be able to capitalise on this opportunity?

This panel will also look at:

What role will non-bank market makers and HFTs play in Mexico's FX market?

How is the relationship between regional and tier one banks evolving?

What advantages can local market makers provide over international competitors?

March 29th 2017

etc.venues 155 Bishopsgate

United Kingdom

COST:

Delegate: GBP£450Non-Exhibiting Vendor: GBP£900Free to attend for the buy-side

The definition of “Buy side” firms means end user clients (ie, investing institutions such as mutual funds, pension funds, insurance companies, hedge funds, CTAs, asset managers, and corporates). Buy side firms may have investors as clients, but have no trading clients. Technology, platform and service providers of any type, including broker-dealers, liquidity down-streamers and prime of primes that may be clients of other firms but have trading clients of their own, do not fall into the definition of “buy side” firms.

September 27th 2017
to September 28th 2017

The Westin Chicago River North

United States

COST:

Delegate: USD$1050Non-Exhibiting Vendor: USD$2500Free to attend for the buy-side

The definition of “Buy side” firms means end user clients (ie, investing institutions such as mutual funds, pension funds, insurance companies, hedge funds, CTAs, asset managers, and corporates). Buy side firms may have investors as clients, but have no trading clients. Technology, platform and service providers of any type, including broker-dealers and prime of primes that may be clients of other firms but have trading clients of their own, do not fall into the definition of “buy side” firms.